US Gold Corporation UXG:CA announced assay results from its Limo and Gold Bar Projects in Nevada. Results include 1.92 g/t gold and 305 g/t silver over 2.4 metres, 4.44 g/t gold and 1140 g/t silver over 1.4 metres, 1.6 g/t gold and 561 g/t silver over 5.5 metres, and 1.77 g/t gold and 852 g/t silver over 6.4 metres (including 5.2 g/t gold and 2467 g/t silver over 1 metre).
VP Projects Stefan Spears tells ResourceClips.com, “Limo is something that would be new for readers and shareholders. We’ve done some work there in the past but quite a bit of recent drilling. It has turned up some intriguing results including some high grade silver, which is a little uncharacteristic for the project. We’re interested with those results and we’ll look to follow them up early in the New Year.
“Gold Bar, as people are familiar with, is moving towards prefeasability by the third quarter of next year. Continuing exploration results there are really meant to incrementally expand the deposit and we’re pleased with our success on that front.”
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Stefan M. Spears
by Ted Niles